World's most vital oil chokepoint back in focus amid possible U.S. intervention in Iran

Oil markets are watching the Strait of Hormuz amid fears a potential U.S. response to Iran. A full closure could spike prices between $10 to $20 per barrel.

CNBC • 19 hours ago

Sweden urges EU ban on support to Russian oil, gas-shipping fleet

The European Union should ban companies from providing any support to Moscow's oil and gas-shipping fleet, introduce sanctions against Russian fertilisers and stop luxury goods exports to Russia, Sweden's foreign minister said on Monday.

Reuters • 12 hours ago

At least two supertankers depart Venezuelan waters carrying oil

At least two supertankers, not under sanctions, were departing Venezuelan waters on Monday carrying crude, according to monitoring service Tankertrackers.com and shipping records from state-run company PDVSA seen by Reuters.

Reuters • an hour ago

Why oil prices could rise as U.S.-Iran tensions swell

The Strait of Hormuz, a critical chokepoint for global oil markets, is back in focus for oil traders

Market Watch • 2 hours ago

What Trump's Venezuela intervention means for Guyana's vast oil wealth

The fallout from the Trump administration's military intervention is expected to put Venezuela's longstanding territorial claims over the oil-rich Essequibo territory on ice, analysts told CNBC. A blockbuster discovery by Exxon Mobil in 2015 revealed vast reserves of high-quality crude in waters offshore Guyana, transforming the country into the world's fastest growing economy.

CNBC • 18 hours ago

'THEY'RE PLAYING TOO CUTE': Trump hits back at oil giant over Venezuela remarks

'The Big Money Show' weighs in on the Trump administration's pressing oil companies to invest in Venezuelan oil, the president's warning for Cuba and his foreign policy in the western hemisphere.

Fox Business • 3 hours ago

CNBC Daily Open: Iran has more avenues of retaliating against the U.S. — including oil supply

The Strait of Hormuz is back in focus amid U.S.-Iran tensions. Fed Chair Powell says he's under investigation by federal prosecutor.

CNBC • 17 hours ago

Trump reportedly weighing options against Iran — here's what it could mean for oil

President Donald Trump is weighing options to take action against Iran, according to multiple reports. CNBC's Pippa Stevens reports on the potential impact to the oil industry.

CNBC Television • 7 hours ago

The impact of Iran protests on global oil markets

CNBC's Pippa Stevens reports on the impact of civil unrest in Iran on oil.

CNBC Television • 8 hours ago

Venezuela security, policy reform needed for US oil industry to move in, API chief says

Workforce security and policy reform including contract sanctity are among the prerequisites that have to be in place in Venezuela for the U.S. oil industry to move in, American Petroleum Institute President Mike Sommers said on Monday during a telephone conference with journalists.

Reuters • 5 hours ago